SHE:002800 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	80.62	142.58	170.56	303.67	259.01
Trading Asset Securities	0.09	0.51	0.76	-	-
Cash & Short-Term Investments	80.71	143.1	171.32	303.67	259.01
Cash Growth	-43.60%	-16.47%	-43.59%	17.24%	88.60%
Accounts Receivable	464.69	570.76	313.59	398.61	467.49
Other Receivables	59.06	74.68	16.67	54.28	19.96
Receivables	523.75	645.43	330.26	452.89	487.46
Inventory	104.35	68.64	78.62	61.09	71.64
Other Current Assets	51.99	71.87	39.42	80.06	44.49
Total Current Assets	760.8	929.03	619.61	897.7	862.6
Property, Plant & Equipment	36.73	36.85	40.17	45.33	48.21
Long-Term Investments	42.08	45.03	40.51	37.92	15.38
Other Intangible Assets	0.1	0.13	0.26	0.81	1.28
Long-Term Deferred Tax Assets	30.89	24.67	20.57	9.35	9.88
Long-Term Deferred Charges	0.82	0.64	0.82	0.77	0.16
Other Long-Term Assets	109.01	112.33	115.64	116.66	119.56
Total Assets	980.44	1,149	837.6	1,109	1,057
Accounts Payable	37.23	42.3	18.72	36.28	77.6
Accrued Expenses	8.91	11.95	11.08	9.31	9.37
Short-Term Debt	323.12	400.86	144.08	407.92	324.01
Current Portion of Long-Term Debt	-	-	21.58	-	-
Current Portion of Leases	0.69	0.17	0.17	-	-
Current Income Taxes Payable	1.82	2.22	2.2	4.33	3.64
Current Unearned Revenue	26.82	21.91	2.05	19.01	1.47
Other Current Liabilities	51.47	60.08	22.47	22.59	18.51
Total Current Liabilities	450.07	539.51	222.35	499.44	434.6
Long-Term Leases	0.03	-	0.17	-	0.51
Long-Term Unearned Revenue	29.74	31.09	32.47	33.85	35.24
Long-Term Deferred Tax Liabilities	0.21	0.03	0.05	-	-
Other Long-Term Liabilities	-	50.07	47.04	-	4.05
Total Liabilities	480.06	620.7	302.09	533.29	474.4
Common Stock	152.25	152.25	108.75	108.75	108.75
Additional Paid-In Capital	117.8	117.67	164.55	164.55	164.55
Retained Earnings	222.23	249.03	240.12	283.48	292.05
Comprehensive Income & Other	0.01	0.01	0.01	0.01	0.22
Total Common Equity	492.29	518.96	513.43	556.79	565.57
Minority Interest	8.09	9.02	22.08	18.48	17.1
Shareholders' Equity	500.38	527.99	535.51	575.26	582.68
Total Liabilities & Equity	980.44	1,149	837.6	1,109	1,057
Total Debt	323.84	401.04	166	407.92	324.52
Net Cash (Debt)	-243.13	-257.94	5.31	-104.26	-65.51
Net Cash Per Share	-1.60	-1.70	0.03	-0.68	-0.44
Filing Date Shares Outstanding	152.25	152.25	152.25	152.25	152.25
Total Common Shares Outstanding	152.25	152.25	152.25	152.25	152.25
Working Capital	310.73	389.53	397.27	398.27	427.99
Book Value Per Share	3.23	3.41	3.37	3.66	3.71
Tangible Book Value	492.2	518.83	513.16	555.98	564.3
Tangible Book Value Per Share	3.23	3.41	3.37	3.65	3.71
Buildings	23.47	23.52	23.52	23.33	23.33
Machinery	38.13	36.36	38.98	45.19	44.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.